This year, the United States became the world’s largest oil producer. Oil is currently trading at around $50 a barrel, which could be considered as
Category: Energy
2018 Market Update: United States Rises to World’s No. 1 Oil Producer
The United States is producing oil at record levels – 10.88 million barrels per day – and the country will end this year as the
2050 ‘No-Fossil-Fuels’ Strategy: EU Foresees Almost 100% Renewable Future
Miguel Arias Cañete, the EU Commissioner for Climate Action and Energy, said that electricity from renewable sources like wind and solar – combined with nuclear
OPEC Break-Up: Qatar’s Exit from the Grouping Seen as a Political Move
Qatar has announced its intention to leave the Organization of Petroleum Exporting Countries (OPEC) to increase its own production. The small Gulf country is one
Stabilizing Oil Market: Saudis Pondering Production Cut Despite Trump’s Pressure
Saudi Arabia is not going to act alone to cut oil production to stabilize the market, Energy Minister Khalid al-Falih said as Nigeria and Russia
Geopolitics of Energy: Iraq Restarts Oil Exports from Kirkuk
Iraq resumed exports of Kirkuk oil, which stopped a year ago due to a standoff between the Iraqi central government and Kurdistan’s semi-autonomous region after
Diversifying Away from Russia: Poland Trailblazing US LNG Deals
Washington has praised the recent 24-year deal to deliver US liquefied natural gas (LNG) to Poland as a signal for Europe on its urgent need
Market Update: Oil Prices Headed Down Amidst Eight Iranian Sanctions Waivers
Oil prices declined on the news that the United States would grant some countries waivers on Iranian crude imports. Brent crude oil lost around 16
Global Energy Efficiency Agenda Up and Running
The International Energy Agency (IEA) held its third annual global conference on energy efficiency in Paris last week. The gathering brought together more than 200
Market Update: Oil Prices Slump as US Sanctions on Iran Loom Large
Brent oil prices has gone down recently in response to the rising global supply and persisting weakness in global stock markets despite the coming sanctions